In 2023, the import volume of tools for drilling, other than for rock drilling, to Brazil was 1.5830 million kilograms. The forecast for 2024 indicates an increase to 1.6047 million kilograms, representing a year-on-year growth of approximately 1.37%. By 2025, the volume is expected to reach 1.6263 million kilograms, marking a further increase of around 1.35%. The period from 2026 to 2028 continues this upward trend with steady growth rates, resulting in a compound annual growth rate (CAGR) of around 1.61% over these five years.

Future trends to watch for:

Technology advancements in drilling tools that may influence import demand.
Economic conditions and infrastructure development in Brazil impacting investment in drilling operations.
Fluctuations in global trade policies and Brazilian import regulations affecting supply chains.